Additional Information

Evolving Talent Shortages in the US

20 May, 2014

Amid the current discussion about weakness in the US labor market, we have lost sight of how quickly it has been tightening. Within two years, we will experience the beginning of a 15-year period of tight labor market and growing talent shortages. A lot of the shortages will result from the large wave of baby boomers retiring and the rapid job growth in specific industries and occupations.

These developments will completely change labor market conditions for many types of jobs. Hiring qualified workers will become much more difficult. Retention rates are likely to drop. Compensation growth will accelerate. The need to maintain workforce quality without significantly hurting the bottom line will become a top challenge for many employers.

Preparing for this challenge in advance should be a top priority for executives dealing with human capital topics.

In this seminar, we will discuss the following:

The macro trends that are causing the evolving talent shortages

The specific occupations and industries in which talent shortages are especially likely to occur

How strategic workforce planning, recruiting, training, compensation, and reallocation of workers across geographies are likely to be impacted by the growing shortages

How human capital professionals could prepare themselves for the coming shortages

What human capital professionals that are already experiencing talent shortages are doing to reduce the damage